Hillsdale Investment Management Inc. purchased a new stake in Berry Global Group Inc (NYSE:BERY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,550 shares of the industrial products company’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in shares of Berry Global Group by 431.3% during the first quarter. Meeder Asset Management Inc. now owns 4,373 shares of the industrial products company’s stock valued at $235,000 after buying an additional 3,550 shares during the last quarter. Brookstone Capital Management bought a new position in shares of Berry Global Group during the first quarter valued at approximately $211,000. Brinker Capital Inc. grew its stake in shares of Berry Global Group by 7.1% during the first quarter. Brinker Capital Inc. now owns 47,933 shares of the industrial products company’s stock valued at $2,582,000 after buying an additional 3,172 shares during the last quarter. Atwood & Palmer Inc. grew its stake in shares of Berry Global Group by 1.5% during the first quarter. Atwood & Palmer Inc. now owns 157,740 shares of the industrial products company’s stock valued at $8,497,000 after buying an additional 2,340 shares during the last quarter. Finally, First Quadrant L P CA grew its stake in shares of Berry Global Group by 16.0% during the first quarter. First Quadrant L P CA now owns 10,786 shares of the industrial products company’s stock valued at $581,000 after buying an additional 1,486 shares during the last quarter. 94.09% of the stock is currently owned by institutional investors.

Shares of NYSE BERY traded down $0.37 during trading hours on Tuesday, reaching $39.55. The stock had a trading volume of 5,247 shares, compared to its average volume of 2,106,828. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 3.52. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.98 and a beta of 1.17. The business’s fifty day moving average price is $48.85 and its two-hundred day moving average price is $51.56. Berry Global Group Inc has a 52-week low of $38.60 and a 52-week high of $59.16.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Berry Global Group had a net margin of 3.89% and a return on equity of 30.65%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Equities research analysts anticipate that Berry Global Group Inc will post 3.47 earnings per share for the current fiscal year.

BERY has been the topic of a number of analyst reports. TheStreet cut Berry Global Group from a “b” rating to a “c+” rating in a research note on Tuesday, July 30th. Bank of America cut Berry Global Group from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. Wells Fargo & Co initiated coverage on Berry Global Group in a research note on Wednesday, July 24th. They set an “outperform” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Berry Global Group in a research note on Tuesday, July 16th. They set an “overweight” rating and a $63.00 target price on the stock. Finally, ValuEngine cut Berry Global Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $61.57.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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